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5 Xerafins - João V Dio mint

Issuer Portuguese India
Year 1721-1726
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Value 5 Xerafins (5⁄2)
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Obverse lettering D-O
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Mintage 1721 D-O - J5 96.01 -
1723 D-O - J5 96.02 -
1724 D-O - J5 96.03 -
1726 D-O - J5 96.04 -
Additional information

João V's Goa mint produced this issue during a period when the Estado da India was hemorrhaging territory and trade revenue to the Dutch and British, yet the Crown maintained gold coinage partly as a political signal of continued Iberian authority over what remained of its eastern possessions. The xerafim denomination itself derived from the Arabic *ashrafi*, a linguistic fossil of the pre-Portuguese monetary order that Lisbon never bothered to erase.

The Dio attribution in KM#15.2 distinguishes this from the Goa-struck variety — Diu's mint operated intermittently and its output was substantially smaller.

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